Posted on: 22nd Jun, 2011 04:19 am
is a living tust Irrevocable ?
and does a living trust Protect my property if i get sued?
and does a living trust Protect my property if i get sued?
Do i legally own the property in the Living Trust?
am i legally forced to tell about the property in the Trust?
can i not legally say, "I" do NOT own any property?
am i legally forced to tell about the property in the Trust?
can i not legally say, "I" do NOT own any property?
Hi hollywoodinjax,
Living trust can be revocable or irrevocable. If the property is in a trust, then it is the trust who owns the property. The property will be safe in a trust as your creditors may not be able to come after those properties. It is your discretion whether or not you will let everyone know that the property is in trust.
Living trust can be revocable or irrevocable. If the property is in a trust, then it is the trust who owns the property. The property will be safe in a trust as your creditors may not be able to come after those properties. It is your discretion whether or not you will let everyone know that the property is in trust.